Which of these is a reason that citizens should vote?

In one of the case studies in the textbook, Jerry Harkanell worked as an administrative assistant for a large San Antonio hospit

MA_775_DIABLO [31]

Answer:

e of the case studies in the textbook, Jerry Harkanell worked as an administrative

continued to alter his timesheets until he was finally caught. How was his scheme detected

5 0

4 years ago

During a certain six-year period, the consumer price index (CPI) increased by 35%, but during the next six-year period, it incre

julsineya [31]

Answer:

A. Inflation

Explanation:

CPI is an abbreviation for the consumer price index. The CPI is a measure of the average changes in the prices of consumer goods and services in the economy. The CPI index measures changes in prices of products that represent the general consumption in the economy. Economists use the CPI index to ascertain the rate of inflation.

Inflation is described as the increase in prices of goods and services in the economy in a period. If prices in the economy are increasing at a high rate, the CPI index will be high. A high CPI index indicates the inflation rate is high.

7 0

3 years ago

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec

Citrus2011 [14]

Answer:

The answers are given below;

Explanation:

a. Allowance for doubtful accounts closing balance=$20,520 406,000*2%+100,000*3 %+46,000*6%+28000*8%+40000*11%

b. Allowance for doubtful accounts-opening ($4,600)

Allowance for doubtful accounts-closing $20,520

Allowance for the year $15,920

c. Allowance for doubtful accounts-opening Dr. $1,100

Allowance for doubtful accounts-closing $20,520

Bad Debt Expense $21,620

Bad Debt Expense Dr.$21,620

Allowance for Doubtful Accounts Cr.$21,620

7 0

4 years ago

On December 31, 2020, Jackson Company had 100,000 shares of common stock outstanding and 24,000 shares of 7%, $50 par, cumulativ

GrogVix [38]

Answer:

Basic earning per share = 1.01 per share

Diluted earning per share = = 0.95 per share

Explanation:

The computation of basic earning per share and diluted earning per share is shown below:-

Income after 7% dividend on cumulative preference share = Net income - (Shares percentage × Shares × par, cumulative preferred stock outstanding)

= $172,905 - (7% × 24,000 × $50)

= $172,905 - $84,000

= 88,905

We assume the closing of books company are closed on 31 Dec so according to that 3 months are taken from Oct to Dec and 10 months are taken from March to Dec

Outstanding shares = Shares of common stock - (Purchased shares × 10 ÷ 12) + (Sold treasury shares × 3 ÷ 12)

= 100,000 - (16,000 × 10 ÷ 12) + (5,200 × 3 ÷ 12)

= 100,000 - 13,333 + 1,300

= 87,967

Now,

Basic earning per share = 88,905 ÷ 87,967

= 1.01 per share

Diluted earning per share

shares to be buy back with proceeds = (42,000 × $27) ÷ $31

= 36,580

Difference = Option to be exercised - Outstanding shares

= 42,000 - 36,580

= 5,420

Outstanding shares = 87,967 + 5,420

= 93,387

So,

Diluted earning per share = 88,905 ÷ 93,387

= 0.95 per share

7 0

3 years ago

How are revenues and expenses reported on the income statement under (a) the cash basis of accounting and (b) the accrual basis

Kamila [148]

Answer:

(a) <u>Under Cash Basis of accounting</u>

Revenues and expenses are recorded either when payment is made or payment is received. It relates to accounting receipts and payments. The drawback of this approach being, it ignores accounting period as it places relevance on actual receipts and payments.

(b) <u>Under Accrual Basis of Accounting</u>

Under accrual basis, a transaction is recorded when income is earned and when expenditure is incurred and not when actual cash for the same has been received and paid for.

Accrual system of accounting is more prudent form of accounting and ensures transactions relating to a period are recorded and accounted for in that particular period.

4 0

3 years ago